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Tag Archives: Precious Metals

Are Rate Hikes Bad For Gold?

Here are two different looks at Fed rate hikes since Volcker. The charts are the same, but one presentation is a lot funnier than the other. Federal Funds Target RateThe above image from the New York Times article A History of Fed Leaders and Interest Rates. - Click to enlarge Here’s an alternative view courtesy of @HedgeEye. - Click to enlarge Let’s take the fist chart and see what correlations exist between...

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Don’t Short This Dog – Precious Metals Supply and Demand

  See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Fundamental Developments Last week, the prices of the metals mostly moved sideways. There was a rise on Thursday but it corrected back to basically unchanged on Friday. This will again be a brief Report, as Monday was a holiday in the US. Below, we will show the only true picture of the gold and silver supply and demand...

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Silver Futures Market Assistance – Precious Metals Supply and Demand

 See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Silver Is Pushed Up Again This week, the prices of the metals moved up on Monday. Then the gold price went sideways for the rest of the week, but the silver price jumped on Friday. Is this the rocket ship to $50? Will Trump’s stimulus plan push up the price of silver? Or just push silver speculators to push up the price,...

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Gold and Silver Divergence – Precious Metals Supply and Demand

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Gold and Silver Divergence – Precious Metals Supply and Demand Last week, the prices of the metals went up, with the gold price rising every day and the silver price stalling out after rising 42 cents on Tuesday. The gold-silver ratio went up a bit this week, an unusual occurrence when prices are rising. Everyone knows...

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Silver Speculators Gone Wild – Precious Metals Supply and Demand

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Silver Gets Frisky Last week, the prices of the metals had been up Sunday night but were slowly sliding all week — until Friday at 7:00am Arizona time (14:00 in London). Then the price of silver took off like a silver-speculator-fueled-rocket. It went from $16.68 to $17.25, or 3.4% in two hours. What does it mean? We...

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Adventures in Currency Debasement

Rekindling the Dollar Debasement Strategy The U.S. dollar, as measured by the dollar index, has generally gone up since mid-2014. The dollar index goes up when the U.S. dollar gains strength (value) against a basket of currencies, including the euro, yen, pound, and several others. Conversely, the dollar index goes down when the U.S. dollar loses value. Between July 30, 2014 and December 28, 2016, the dollar’s value,...

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Switzerland’s Gold Exports To China Surge To 158 Tons In December

Switzerland’s Gold Exports To China Surge To 158 Tonnes In December Switzerland’s gold bullion exports to China saw a huge jump in December, climbing to 158 tons versus a much lower 30.6 tons in November –  a jump of 416%. According to Eddie van der Walt as reported on the Bloomberg terminal this morning, total Swiss gold exports surged to 287.6 tons in December (valued at CHF 10.8b) according to data on the website of...

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The Trump Weak Dollar Report – Precious Metals Supply and Demand

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Currency Debasement Doesn’t Make Anyone Richer The action favored bettors this holiday-shortened week (Monday was Martin Luther King day in the US), with the price of gold up 13 bucks and silver up 26 cents. We noticed a worrisome remark by newly inaugurated President Trump. The strong dollar of the past 20 years, he...

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A Hint of Gold Backwardation

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Rising Scarcity and a Nascent Change in Trend Last month, we noted that there could be a trend change in progress. Not only are the prices of the metals rising (which is just a mirror-image of the dollar falling, from 27.6 milligrams of gold just before Christmas to currently under 26mg). But the scarcity of gold as we...

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Gold Bars Worth $800,000 Owned By Prince

Prince, RIP, owned gold bars worth just over $800,000 according to the statement filed in a Minnesota court last Friday. At the time of his death, Prince had taken delivery of and had in his possession 67 gold bars, 10 ounce gold bars, valued at $836,166.70. That’s according to an asset inventory compiled by Bremer Trust released by the Carver County District Court, as first reported by the Minneapolis Star Tribune....

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